According to Henkel, Germany, due to the increase in the cost of raw materials, Henkel will increase its global price for certain products of industrial adhesives, with an average increase of between 10% and 25%. In an interview with reporters, the head of Henkel China stated that the specific price increase will be different for different customers and different products. In addition to Henkel, the global adhesive giants such as Dow Corning, 3M, Fuller, and Rohm and Haas are interested in raising prices. The reporter learned from a number of adhesive distributors that Chinese adhesive companies are also considering a price increase of 10% to 25%. A number of domestic adhesive companies are more cautious about raising prices. They all said that although the increase in raw material prices has greatly increased the company's costs, it will not transfer all the pressure to the downstream companies, and companies will share some of them.
It is reported that in the past one and a half years, raw material costs such as polyurethane and other adhesive products have continued to increase due to the impact of rising prices of basic chemicals such as crude oil and natural gas; the supply of major chemicals and resin raw materials is in short supply, which has also pushed up raw material prices. rise. As a result, production costs for downstream products such as polyurethanes, hot melt adhesives, adhesives, sealants, lubricants, and surface treatment agents have increased by more than 40%. It is understood that adhesives companies such as Henkel and Huitian Adhesive have sought to reduce the pressure of rising costs by increasing their procurement advantages and developing methods to replace new products.
The adhesive business is of vital importance to major companies. According to Henkel’s financial report, Henkel’s sales in fiscal year 2010 amounted to 15.992 billion euros, a year-on-year increase of 11.2%, a strong increase. Among them, the adhesive technology business unit performed most prominently, with sales increasing by 11.8%. As the only adhesive listed company in mainland China, Huitian Plastics has achieved a growth rate of 73%. According to the announcement of the Tiantian Rubber Industry, in 2010, total operating income increased by 73.71% over the same period of last year; operating profit increased by 80.55% compared with the same period of last year; total profit increased by 75.01% over the same period of last year; net profit increased by 72% compared with the same period of last year.
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